OMG/SMH...I am so embarrassed that I feel obligated to share my vulnerability with the BP community...Quick story - I just burned $200 on fire (figuratively) on my first day of my first flip.

It is a long game and people looking for a quick payoff often get burned.  

I suppose the house burned down or something.

When I bought it, somebody had tried to burn something in it.

I'd recommend keeping it simple, clear, and unemotional and enforce the lease or you will burn out or not make any profit.

If personal guarantee is given make sure it does not (burn off) after so many years in the primary lease term.

I definitely don't want to burn out.

A cash flow of over $200/month is great, but if your assumptions are wrong (and right now they're presented as incomplete) you'll get burned in the end.

If the breaker has been replaced and the area around the main panel doesn't reek of burning plastic (electrical components melting  smell about as distinctive as burning hair) there is no safety issue. 

Actually it is making money now, I'm just hanging onto it for a while longer as we finish up some unit rehabs, an office remodel, and a burn unit that could be pretty costly.